In the latest trading session, 0.48 million Roku Inc (NASDAQ:ROKU) shares changed hands as the company’s beta touched 2.19. With the company’s most recent per share price at $67.53 changed hands at -$2.12 or -3.04% at last look, the market valuation stands at $9.86B. ROKU’s current price is a discount, trading about -55.43% off its 52-week high of $104.96. The share price had its 52-week low at $48.33, which suggests the last value was 28.43% up since then. When we look at Roku Inc’s average trading volume, we note the 10-day average is 4.12 million shares, with the 3-month average coming to 3.54 million.
Analysts gave the Roku Inc (ROKU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.15. If we narrow down to specifics, the data shows that 3 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended ROKU as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight.
Roku Inc (NASDAQ:ROKU) trade information
Instantly ROKU was in red as seen in intraday trades today. With action -3.03%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -9.16%, with the 5-day performance at -3.03% in the red. However, in the 30-day time frame, Roku Inc (NASDAQ:ROKU) is -31.84% down. Looking at the short shares, we see there were 8.38 million shares sold at short interest cover period of 1.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 77, meaning bulls need an upside of 12.3% from its recent market value. According to analyst projections, ROKU’s forecast low is 55 with 92 as the target high. To hit the forecast high, the stock’s price needs a -36.24% plunge from its current level, while the stock would need to tank 18.55% for it to hit the projected low.
Roku Inc (NASDAQ:ROKU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.62% of Roku Inc shares while 85.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.79%. There are 85.25% institutions holding the Roku Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 9.925% of the shares, roughly 14.33 million ROKU shares worth $858.53 million.
ARK INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 8.8101% or 12.72 million shares worth $762.1 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Advisor Growth Opportunities Fund and ARK ETF Tr-ARK Innovation ETF. With 10.65 shares estimated at $714.14 million under it, the former controlled 8.27% of total outstanding shares. On the other hand, ARK ETF Tr-ARK Innovation ETF held about 5.80% of the shares, roughly 7.47 shares worth around $500.73 million.
